How much more fall is possible in price of bitcoins?
The current situation in the market is good.The price of bitcoin is moving forward.Hold you bitcoin,you can sell that bitcoin with the price of 8000 or 8500$ in few days.The power of bitcoin is the price will raise 500$ in a single day.And this is the main reason for increased in investors every day.
I would not say it is that good yet though as it seems the smart moneys are not even eyeing the market yet and with the wedge in place, it does not look like something they really want to dabble with yet.
However, we have to see how things will eventually happen in the long run, coupled with the sentiments in the market. If we get to see some pretty good moves and volume, we may as well see how things will play out to the upper side, otherwise, we are going to be in for a good ride moving down.